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Can a company render financial assistance to help a person buy shares

A holding company may provide financial assistance, by lending money, to a person to acquire shares in that holding company. 

Note that the above can happen only if  the holding company must not be majorly owned by another company, or if the holding company is not a public company. 

Before the company can proceed with giving financial assistance, the board of directors must pass a resolution stating all of the following:

Speak to us about rendering financial assistance.

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